Bask Bank Customer Support will be closed for Presidents Day on Monday, February 19, 2024. We will be back to our normal 7:00 AM to 7:00 PM customer support hours on Tuesday, February 20, 2024.

We have scheduled an enhancement for our website on Wednesday, September 1st, starting at 5:30pm CDT until approximately 7:00pm CDT. During this time, our website, sign up and online banking experiences may not be available and/or may have reduced functionality.

An enhancement has been scheduled for Account Opening on Monday, March 18th, starting at 8:00 PM to approximately 10:00 PM CT. During this time, Account Opening may not be available or may have reduced functionality.

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Maximize your return on adventure by earning miles on your savings.

Earn 2.5 American Airlines AAdvantage® miles for every $1 saved annually when you open a Bask Mileage Savings Account.

Open An Account

We’re committed to helping you reach your savings goals while offering a different type of reward: American Airlines AAdvantage® miles, so your savings can take you farther.


Can I take my money out of Bask Bank at any time? How will it affect my AAdvantage® miles?

Of course, it’s your money! If you choose to withdraw any portion of your savings from Bask Bank, you will be rewarded based on the average monthly balance maintained in your account.


What can I do with the AAdvantage® miles I earn with Bask Bank?

Miles that you earn through Bask Bank will be added to your AAdvantage® account and you can use these AAdvantage® miles like others you earn from AAdvantage® partners. Please note, however, that AAdvantage® miles awarded through Bask Bank do not apply toward boosting your elite status.

Use our calculator to see your earning potential.

In 12 months you’ll earn
-- AAdvantage® miles
Changing the slider values that follow will update the mileage amount.

Initial Deposit

Recurring Deposit

See how far your AAdvantage® miles can take you on aa.com.

The money-to-miles calculator is for informational purposes only and American Airlines AAdvantage® miles earned are estimates. Actual AAdvantage® miles awarded may vary. Refer to Bask Bank’s Account Agreement, Terms, and Disclosures for details.

What Our Customers Say

1,500+ 5-Star Customer Reviews

We’ve been collecting feedback and the reviews are in. Here’s what people are saying about Bask Bank.

  • 5 out of 5 stars

    “Wow! Excellent web design with simplistic process to easily allow the creation of a savings account. Online transfers are easy and very efficient. Great job. I look forward to seeing the miles build up and roll over into my AAdvantage® account.”

    Randy

    Rehoboth Beach, DE

  • 5 out of 5 stars

    “Great idea for a different way to earn miles.”

    Charles

    Dayton, KY

  • 5 out of 5 stars

    “Excellent way to earn miles without a credit card.”

    Brett

    Freehold, NJ

5 out of 5 stars

“Wow! Excellent web design with simplistic process to easily allow the creation of a savings account. Online transfers are easy and very efficient. Great job. I look forward to seeing the miles build up and roll over into my AAdvantage® account.”

Randy

Rehoboth Beach, DE

5 out of 5 stars

“Great idea for a different way to earn miles.”

Charles

Dayton, KY

5 out of 5 stars

“Excellent way to earn miles without a credit card.”

Brett

Freehold, NJ

Wooden deck and awning overlooking infinity edge pool, trees, and mountains
envelope with special offer

Special Offer

Earn up to 10,000 Bonus AAdvantage<sup>®</sup> miles.

To qualify for this offer, you must be a first time Bask Mileage Savings Account customer, open a Bask Mileage Savings Account between March 1, 2024 and May 31, 2024, fund your Bask Mileage Savings Account within 15 business days following the initial account opening and maintain a minimum daily account balance of $50,000 for 90 consecutive days out of the first 120 days following the initial account opening.

AAdvantage<sup>®</sup> bonus miles are awarded within 10 business days upon meeting offer qualifications and may take 6 to 8 weeks to post to your AAdvantage<sup>®</sup> account. The value of this bonus offer will be reported to the IRS, and the recipient is responsible for any federal, state or local taxes on this offer.

Frequently Asked Questions

    How do I earn American Airlines AAdvantage® miles?

    The Bask Mileage Savings Account awards 2.5 AAdvantage® miles for every dollar saved annually. Miles accrue daily and are awarded monthly based on your average monthly balance. For example, if the account’s daily balance for January is $60K, you will earn 12,740 AAdvantage® miles for that month ([$60K X 2.5] ÷ 365 × 31).

     

    Note: The number of days is specific for each month being calculated. If that same balance is maintained in February, you will earn 11,507 AAdvantage® miles, since February has 28 days. After one year of maintaining an average balance of $60,000, the customer will have earned 150,000 AAdvantage® miles. As long as you maintain a balance in your Bask Mileage Savings Account, you will continue earning AAdvantage® miles.

     

    For more information, see full details within our Account Agreement, Terms & Disclosures. Rates are subject to change. AAdvantage® miles awarded through Bask Bank do not count toward elite status qualification or AAdvantage® Million Miler status.

    When will mileage awards be processed and posted to my AAdvantage® account?

    You will start earning AAdvantage® miles on the business day we receive your deposit. Bask Bank awards the miles you earn for maintaining a balance each month on or before the fifth business day of the following month. For example, AAdvantage® miles earned throughout January will be posted in your Bask Mileage Savings Account on or before the 5th business day of February. Miles earned through Bask Bank will post to your linked AAdvantage® account within six to eight weeks.

     

    If applicable, bonus AAdvantage® miles are awarded based on terms of the specific bonus offer. See the Promotional Offers Terms and Conditions for additional information.

     

    Before earning miles, you must provide your AAdvantage® number to link your Bask Bank account. If you do not link the correct AAdvantage® number, miles earned through Bask Bank will not post to your American Airlines account.

    How do additional deposits and withdrawals impact my earning?

    AAdvantage® miles are accrued daily and awarded based on your average monthly balance. If you deposit more, you will earn more miles. If you make a withdrawal, your earned miles will decrease. For example, if you start with $36,500 you will accrue 250 AAdvantage® miles each day that you maintain that balance. If you then withdraw $10,000 and your new balance is $26,500, you will accrue 182 AAdvantage® miles each day. If you take all your money out in the middle of the month, you will have earned miles for the days where you maintained a balance.

    Are AAdvantage® miles earned through Bask Bank taxable?

    AAdvantage® miles awarded by Bask Bank for maintaining a deposit balance are viewed as interest income. This income will be reportable to the IRS and to you for the year in which the miles were posted to your AAdvantage® account. Bask Bank calculates an interest equivalent based on a good faith estimate of the value of the miles. Your interest rate and annual percentage yield may change based on a change in either the miles award rate or the estimated value. For tax purposes, miles are considered to have a value of 0.42 cents. At our current rate of 2.5 miles per dollar saved annually, this represents a taxable APY of 1.05%.

     

    AAdvantage® bonus miles awarded for other activities will also be considered reportable as either miscellaneous income or interest income, depending on the nature of the award. Bask Bank will issue each customer the appropriate IRS Form 1099-INT for the AAdvantage® miles awarded each calendar year by January 31. For more information, visit our Account Agreement, Terms & Disclosures.

     

    Bask Bank is not an accounting firm or law firm and is not offering tax or legal advice. Please consult with an appropriate professional regarding any questions about your personal taxes.

    Mile awards are subject to change at Bask Bank’s sole discretion. Please see Terms and Disclosures for details.

    American Airlines reserves the right to change the AAdvantage® program and its terms and conditions at any time without notice and to end the AAdvantage® program with six months notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. Unless specified, AAdvantage® miles earned through this promotion/offer do not count toward elite-status qualification or AAdvantage® Million MilerSM status. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® program, visit aa.com/aadvantage.